What A Wet Basement Could Be Costing You

When the basement leaks or floods, it can cost quite a bit to get everything cleaned up. While some of the costs of having a wet basement are rather obvious, some costs will sneak up on you.

The Cost Of Water Damage

Even the tiniest amount of water can cause damage if you are not careful. While the things you have stored up in your basement might not have a lot of financial value, they may have sentimental value to you and the family. If they end up ruined by the condensation or water leak from your basement, you may not be able to get it replaced and could be rather heartbreaking.

The Cost Of Minor Flooding

Having a couple inches of water floating around in your basement still comes with a significant amount of damage. It only takes a few inches of water to damage any electronics, furniture, or workout equipment that might have been resting on the basement floor, not to mention any carpeting or flooring that may have been placed there. While you will most likely not have to replace any of the electrical wiring if the water does not reach the height of the outlets, you can still expect up to $10,000 in damages.

The Cost Of Major Flooding

The worst outcome is when you find your basement flooded with a feet or more of water. At this height the water will have gone into the electrical outlets and will do a great deal of damage to your walls and floors. The cost of fixing up an entire basement after a flood can range from anywhere between $25,000 and $50,000 depending on the situation. Additionally, the type of insurance policy you have may only pay for part of the damage or even not pay at all.

While you may want to check and see what kind of policy coverage you have in case of a flood, the best way to save on costs is to prevent the water damage and flooding to begin with.